Biderman Blasts "Sequestration Bullshit" And The Government's Big Lie

The sequestration bullshit is driving TrimTabs' CEO Charles Biderman nuts - and rightly so. As we showed recently, the actual scale of the earth-shattering cuts, while not insignificant, are small and if the shills on TV preaching the end of the world from sequestration did the math they would see it is a mere 6% drop in non-entitlement government spending that is set to destroy the economy. Biderman exclaims, "what is apparent to me is that our government is becoming very good at the big lie," as they exaggerate any and everything to their own needs. It is obvious, he adds, "that our government is deeply committed to not reducing the size of government, and is willing to outright lie," but he saves the epic rant that we come to expect for Paul Krugman. Just as Irving Fisher's infamous 1929 pre-crash call that equities have reached a permanently high plateau; Biderman suggests Krugman will be remembered as erroneously claiming that 'deficits don't matter', as he reminds us of Emperor Caracella's 268AD reign of insidious taxation and currency debasement that ended in 1000% inflation and the end of the Roman Empire. Well worth the price of admission...

Why aren't there more guys like this in the financial services industry? Everything contained within this particular rant is readily available information. A dial up connection and a pinch of common sense and...viola...everything he says is OBVIOUS.

The question, I guess, the important one that is implied but not stated is...WHO BELIEVES ANY OF DC's OR WALL STREET's big ass lie anymore? Seriously, who is the demographic target for the idea that a 6% cut in discretionary government spending will destroy this so called GREAT RECOVERY? Why do we even need Biderman here? Who believes that an $85 billion dollar annual spending reduction matters...while Ben Bernanke is printing that very same dollar amount....every month?

You're falling for this game. Don't take it serious....no one on the street does. They know the money boyz are just trying to run out the game enough to clear the table of the last chips before the lights go out. Just a guessing game until the music stops.....enjoy...you aren't going to like it when the music stops either

Uuummmm...aaaahhhh...I'd be the polar opposite of "falling for this game." As far as I'm concerned, and with Ben Bernanke's testimony today confirming, the lights are already out. Now...the market itself...has truly "fallen for this game."

This is a CONfidence game. Biderman played in it for years and now he has a rant? Everyone you listen to on CNBS knows the con is on. None of them believe that Ben's going to nail it. They're trying to keep their jobs. Its called FEAR and its running fast and hard now. The big money is positioning, but anyone with a net worth of less than 5 or 10 mil know they're fucked. Fuck Biderman....he's on the con too.

You would be surprised (maybe not) how much of the public buys into the housing/auto/recovery meme. I hear it from my well-educated friends and family all the time. I've found it's not even worth questioning their belief system as I get labeled as a "reactionary" or "doom and gloomer". The mainstream financial also completely parrots the party line. Just listen to the Motley Fool podcast every week for an example.

But but but...the prisons will be emptied...teachers will be laid off and raped...David Gregory will smuggle contraband gun parts into DC...granny will be shoved over the cliff...32oz soft drinks will be sold in the streets!...and salt, the mountains of salt flowing across our borders...the seas will rise from this...Air Force One needs engine replacements from the wear & tear...Bush's Fault!...thousands of JDorners, millions of them...children will starve from the lack of USDA approved pink slime...oh god the humanity!!!

Right now, they're probably fearing for their jobs where you are with all this bullshit...which just goes to show everyone how fucking stupid (the majority of) can be. Around here they must have went back and told their sergents people are glaring at them and not in a "nice way"...lol...so they lightened up from what I can tell.

In Florida, it's in the states constitution to balance the budget. Its what they get paid to do first, before anything else.

I got this. I can solve all of this. You see, we make a coin out of platinum and we write "$1 trillion, bitchez" on it. We foist this off on whatever dumb ass we can get to buy it. It's going to take one of us who can play poker really well and not snicker as we hand it to Bernanke. Then....oh shit...inflation again. Nevermind.